Solid is a Real Estate blog created by San Francisco Realtors Anja van Ditmarsch and Mary Fenton of Zephyr Real Estate's Noe Valley office on 24th Street. The content of this blog will be everything from current real estate news to Anja and Mary's daily activities as Realtors and as San Francisco residents. Get a behind the scenes look as they help a buyer find their dream home or a seller prepare their property for the market.

Tuesday, October 14, 2008

What can I buy for $250,000 or less in San Francisco?

This is the start of a new series called "What can i buy?" I was originally going to start with a higher amount, closer to five hundred thousand, due to the high median house price in San Francisco. In doing some searching for clients who are entering the market at a lower price point, we were amazed to find that you do have options at just $250,000 and under! Fifteen options, to be exact:

5 of those are short sales

3 are in the mayor's office of housing program for lower income households

2 require all cash

2 are bank owned

1 is a total fixer

4 of them are single family homes

10 of them are in district 10 (Bayview, Silver Terrace, and Hunter's Point)

6 of those are in the same development, the Mariner's Village

This is 2025 Keith Street in Bayview. At $149,00, it is the lowest priced single family home currently listed on the multiple listing service. It is also a total fixer, and a probate sale. It is a two bedroom, one bath home of 1190 square feet, and does not have parking.

Welcome to 60 Ora Way #201, a condo offered through the mayor's office of housing. It is located in Diamond Heights; the asking price is a firm $211,791. It is a five hundred square foot studio with a sleeping alcove and one car parking. The association dues are $370 a month; the building has a swimming pool, gym, a playroom, and wonderful views. Above is 126 Kirkwood Avenue #8. It is a three bedroom, three bathroom townhouse style condominium in the Mariner's Village. It is 1360 square feet according to the tax records, and is listed at $190,000 with association dues of $324 per month. It has partial bay views from the second story, and needs some TLC. The last and most shocking example of all is that this or any property in Russian Hill is even on the list. But before you go and grab your checkbook, there are a few things you should know about it. First of all, it is a 10% interest in 1847-1857 Stockton Street, making it a tenancy in common in a thirteen unit building. That is not all, folks. It is also tenant occupied with a protected tenant, and will be delivered that way at the close of escrow. It keeps getting better, because there have been previous OMIs (owner move in evictions) in the building, so you could never do one with this unit, AND, last but not least, this sale requires all cash. And to think it has only been on the market 188 days!

Please contact us for a full list of these are any other active San Francisco listings.

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